During an October 2 hearing regarding the approval of its reorganization plan, the bankrupt crypto lender, Celsius Network, informed a judge of its intention to initiate repayments to its customers by the end of the year.

Celsius Network Seeks Final Court Approval to Begin Customer Repayments by Year-End

As per a report by Bloomberg, Celsius' recovery strategy involves transitioning into a user-owned Bitcoin mining operation named "NewCo." The company expressed its aim to retu...

11 months ago

Sam Bankman-Fried's Cryptocurrency Empire Faces Jury Selection in Legal Battle

Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-Fried

NEW YORK (AP) — Sam Bankman-Fried, a tech wunderkind who once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency, faces the start of a ...

11 months ago

“That only shocks you if you don’t know Sam,” says author Michael Lewis regarding the revelation in his new book about Sam Bankman-Fried.

FTX founder mulled giving Trump $5B not to run for president, says author

Former FTX CEO Sam “SBF” Bankman-Fried once looked into paying Donald Trump not to run for United States president, according to Michael Lewis, the author of a new book documenting t...

11 months ago

FTX Hacker Holding $300,000,000 in Crypto Suddenly Moves Millions Worth of Assets: On-Chain Data

A bad actor who hacked the infamous crypto exchange FTX as it was collapsing is abruptly moving millions of dollars worth of crypto assets. According to data from blockchain intelligen...

11 months ago

Ethereum fighting for its place on market, successfully breaking through local resistance

Ethereum (ETH) Rebounds Massively: Crypto Waking Up?

Ethereum, the second largest cryptocurrency by market capitalization, is showing signs of life after a period of stagnation. The asset has recently seen a significant rebound, raising eyebrows a...

11 months ago

Conversations with key speakers at the Blockchain Expo Europe in Amsterdam suggest that cryptocurrency exchanges and companies see the continent as a key region for growth.

Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amster...

11 months ago

The judge’s comments came just before he denied Bankman-Fried’s request to be released from jail to prepare for trial.

Bankman-Fried may face ‘very long sentence’ if convicted: JudgeBankman-Fried may face ‘very long sentence’ if convicted: Judge

Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, may face a “very long sentence” if convicted at his fraud trial starting next week, the judge ove...

11 months ago

Coinbase CEO urges UK crypto holders to consider closing chase UK accounts. Chase UK cites fraud concerns as reason for crypto transaction ban.

Coinbase CEO Criticizes Chase UK's Crypto Ban

Brian Armstrong, the CEO of Coinbase, one of the US' largest cryptocurrency exchanges, has criticized JPMorgan Chase UK's recent decision to prohibit its customers in the UK from engagin...

11 months ago

Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong.

Hashkey HK opens AVAX trading with $1M portfolio requirement

Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the special administrative region (SAR), will open trading on its platform for Avalanche’s AVAX . Ho...

11 months ago

SEC Chair Gary Gensler Faces Tough Questions on Cryptocurrency, Labeled 'The Regulatory Enforcer

US House Committee Grills SEC Chair Gary Gensler Over Crypto, Dubbed 'Tonya Harding of Regulation'

In a congressional hearing on September 27, the chair of the United States Securities and Exchange Commission (SEC) Gary Gensler, faced a barrage of questions and criticisms regarding ...

11 months ago